News about European Central Bank

Bank of Cyprus completes $1 bn private share placement

Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014 04:43

Portugal to end EU-IMF bailout with clean break

Portugal decided to make a clean break from its EU-IMF bailout on Sunday, following in the footsteps of Ireland by forgoing a credit line as it prepares a full return to the credit markets.
05 May 2014 12:34

IMF's Lagarde: uncertainty over health of European banks

International Monetary Fund Managing Director Christine Lagarde said Thursday that questions marks remain over the health of Europe's banks and that coming stress tests are a chance to build confidence in them.
10 January 2014 16:10

Fireworks but no joy as Latvia joins eurozone

Fireworks will light up the skies above Riga when Latvia adopts the euro on January 1, but on the ground the feeling will be far from festive among those fearing the impact of the switch.
27 December 2013 13:33

ECB's not set to fire 'bazooka' yet

The European Central Bank is unlikely to fire the new anti-crisis "bazooka" it unveiled two months ago, and will keep its gunpowder dry on interest rates as well at its meeting on Thursday.
08 November 2012 13:52

ECB brings out its 'bazooka' to save euro

The European Central Bank announced a massive sovereign bond buy up Thursday, brushing aside German opposition to unleash a so-called "big bazooka" against the debt crisis.
07 September 2012 19:09

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